Stuart Hoffman
Stuart Hoffman
coming confirmed data hike march market possibly pricing rate terms
I think he was signaling to the market that yes, there is another (quarter-point) rate hike coming in March and possibly in May, but that will be data dependent. He essentially confirmed what the market has already been pricing in, in terms of rate hikes.
fed finished heading home message playing third underlying
The underlying message here is that the Fed is rounding for third and heading for home plate. But they are not finished playing yet.
bottom building conclude continued easy fed line pressure solid
The bottom line is it is a very solid report, but with continued inflationary pressure building up, it will make it easy for the Fed to conclude (Tuesday's meeting) with a quarter-point increase,
accounts attempt care cope cost costs extended fairly health help period problem rapid rein rise rising savings tackle
Health care savings accounts don't tackle the problem of rising health care costs. This is not an attempt to rein in the cost of health care. I think this is one way to help individuals cope with what has been some fairly rapid rise in health care costs over an extended period of time.
core determine fed meeting november number point raise rates
I think the Fed will look at the core number and determine that it was understated, and still raise rates by a quarter-percentage point at the meeting on November 1.
benign clean consumer earlier fell inflation learned month morning prices producer relatively sweep wages yesterday
Inflation, it's been a clean sweep for July. We learned earlier this month wages were unchanged, yesterday producer prices fell again, and this morning you're right on the money, relatively benign consumer price inflation report. No problem.
economy fully start strong
The economy is off to a strong start in 2006 and has fully rebounded from the fourth-quarter setback.
hike march rate
He agrees that another ... rate hike at the March 28 (meeting) will be needed.
confident economy half impact momentum months solid three wondering
The economy is regaining momentum and will have a very solid first half of the year. We all feel more confident than we did three months ago, when we were still wondering about the impact of the hurricanes.
despite economy good indeed june last oil prices relief retailers rise
At the same time, many retailers and the automakers have had good June numbers, despite the rise in oil prices (over the last month), ... Overall, there's some relief right now that the economy is indeed strong, but not overheating.
entered jury question seems
There is no question that we've entered a new era. The question seems to be how long it will continue, and the jury is still out on that one.
available base believe business capital conditions continue diverse economic economy favorable footing further growth healthy highly industries investment leave mean presence research rising role technology venture
We believe economic conditions in 2006 will be favorable for further growth in southwestern Pennsylvania's technology industries. Rising business confidence, healthy growth in business investment spending, and increasingly available venture capital will leave our region's technology industries on firmer footing in 2006. A highly diverse technology base and the presence of world-class research institutions mean that, over the longer-term, technology will continue to play an increasingly significant role in the economy of southwest Pennsylvania.
among capital orders quite reflects report spending
When you take out transportation, the report should look stronger. In total, manufacturing orders are quite strong, and that reflects a lot of capital spending going on among businesses.
ballgame innings second
We're still in the first or second innings of the ballgame of replacing Greenspan. But it's not like the game hasn't begun.